|
Market Update
Enough is enough. How much political infighting, posturing, and chest-thumping is needed before the politicians in Washington wake up?
Since the debt ceiling showdown is capturing headlines everywhere, we figured we'd keep this week's market update short, concise, and to the point. How does an event like this affect property sales on a tiny island in the middle of the Pacific? Just like it does anywhere else. People are uncertain. When uncertainty strikes, people in general, have a tendency to pull back. This seems to be the case on Maui.
Homes, land, and condos are still going into contract everyday. It's the nature of the market. There are always buyers and sellers. But lately it feels like the foot has been taken off the accelerator. Things seem to have quieted considerably over the past month.
Maui is primarily a second-home driven marketplace. That means buyers come from all over the world to purchase on Maui. When an event that has the power to shake the global economy happens, we feel it on Maui—as do you where you live. It's a sobering reminder of just how interconnected our global economy really is.
Have a wonderful week,
The Smith Team
P.S. If you haven't already, please check out the featured property for this week. Laird Hamilton, the legendary big wave surfer's Maui pad is for sale. Overlooking the notorious big wave spot, "Jaws", this is quite the home with quite the views. And who knows, if you buy it, maybe you'll find yourself one day planing down the face of a 50 foot wave.
P.S.S. Greg and Melissa are the proud parents of a beautiful baby girl. Kailani Monique Smith was born at 6:57 A.M. this morning.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
 
Market Watch for July 25th, 2011
|
|
Active |
Pending |
Sold |
Change |
|
Homes |
748 (278) |
238 (19) |
842 (109) |
+4 |
|
Condos |
1005 (189) |
224 (15) |
1158 (108) |
-6 |
|
Land |
508 (111) |
32 (8) |
118 (13) |
+15 |
|
Total |
2261 (578) |
494 (42) |
2118 (230) |
+13 |
|
1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.
|
Homes Over $1M
|
3223 Waileia Place
Kihei
$1.495M (FS)
|
|
Breathtaking ocean views and sunsets are just the tip of the iceberg with this wonderfully built pole house near the top of Maui Meadows. As you enter this grand entranceway with stained glass windows on each side you notice the beautiful mango wood flooring on the top floor. A kitchen that anyone would be proud of boasts a dual convection oven along with a glass top stove, moss granite countertops, side-by-side refrigerators a dumb waiter to the massive downstairs entertainment area.
|
|
230 Keoawa Street
Kapalua
$4.75M (FS)
|
|
Short Sale. 230 Keoawa features a complete guest cottage and main home that is approximately ninety percent complete. Remaining items to complete the home include approximately 4,000 feet of flooring, granite and marble counter tops, appliances, minor electrical and plumbing finish, garage doors, additional painting, and pool and landscaping. This home is a blank canvas for the buyer with a bit of imagination and desire to have their own final finishes.
|
Homes Under $1M
54 Henohea Place
Kahului
$395K (FS) |
|
Short Sale. Beautiful 4 bd. /3 bath 1,839 sq. ft. home located in The Legends at Maui Lani. Home is situated at the end of a cul-de-sac away from busy traffic.
Customer Listing Synopsis
|
|
159 Luakaha Circle
Kihei
$423K (FS)
|
|
Bank Owned. 4 bedroom home in Piilani Villages 3 has fenced yard and is nicely placed next to greenway. Two bedrooms upstairs and two more down make this a great home. Needs fresh paint and flooring and it will be ready to go
Customer Listing Synopsis
|
250 Kane Road
Haiku
$675K (FS) |
|
Bank Owned. Cash buyers only. Nested at the back of this small subdivision is this almost completed home on a private road.
Customer Listing Synopsis
|
894 Pulehu Road
Kula
$680K (FS) |
|
This turn-key two-story cottage located in Lower Kula is in very good shape, it has 2 bedrooms and 2 bathrooms, and a living area of 720 square feet. Creative usage of decks affords many opportunities to enjoy the panoramic ocean view while taking in the cool trade winds. This is a very unique property with two lots separated by a deep dry gulch that adds privacy between the vacant lot and cottage.
Agent Listing Synopsis
|
Vacation Condo Over $1M
|
Ho'olei R-4
Wailea
$2.225M (FS)
|
|
The Ho'olei community is located directly across the street from the Grand Wailea Resort and Spa. Relax with the ability to "lock and go" while at the same time enjoy the comforts of a condominium designed to feel like a stand-alone home. Residence 55-4 is the last available Plumeria floor plan offered in the highly sought after second row of the neighborhood.
|
Vacation Condos Under $1M
|
Kihei Bay Surf #208
Kihei
$105K (FS)
|
|
Bank Owned. Upstairs Kihei Bay Surf with Views. This studio unit is located across street from Whale Sanctuary. Complex features large pool, spa, barbecue area and tennis court.
Customer Listing Synopsis
|
|
Royal Mauian #119
Kihei
$461K (FS)
|
|
Bank Owned. 2 bedroom, 2 bath condo in the spectacular Royal Mauian. This corner, ground floor unit has easy access. The Royal Mauian is located on a point overlooking Kamaole Beach Park I which has been rated by Conde Naste as one of the best beaches in the world, and is one of the most popular beaches on Maui.
|
|
Kapalua Golf Villas 20P5,6
Kapalua
$659.9K (FS)
|
|
Bank Owned. This "Patio" model was remodeled recently and offers peaceful golf and ocean views through the pine trees. All on one level with central AC.
|
Residential Condos
Villas at Kahana Ridge #611
Kahana
$204.9K (FS) |
|
Bank Owned. Convienient, ground floor unit in one of the newer complexes in the Kahana area. Nice pool area.
Customer Listing Synopsis
|
|
Kanani Wailea #5
Wailea
$850K (FS)
|
|
Short Sale. Old Hawaiian charm w/ new Hawaiian elegance having the privacy of a single family home w/ all the conveniences & amenities of condo living is how the Kanani (the pretty) Wailea is described by its developer and we agree.
Customer Listing Synopsis
|
Vacant Land
105 Keoawa Street
Kapalua
$899K (FS) |
|
This beautiful property with 1.165 acres of gentle slope buildable area is located among some of the grandest homes on Maui, and within the gated community of Plantation Estates. The property photos are taken from all 4 corners of this mostly rectangular parcel, and a home properly placed will have gorgeous views of Honolua Bay.
Customer Listing Synopsis
|
|
